BEGINNER

The Knowledge Problem

No one person holds all the relevant information needed to plan an economy. F.A. Hayek observed this in his widely cited article, "The Use of Knowledge in Society" where he points out  that the data required for rational economic planning are distributed among individual actors and thus exist unavoidably outside the knowledge of a central authority. 

Paul Cwik - Problems and Prices

Steve Horwitz - Hayek, the Market Order, and the Fatal Conceit

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CURRENT ISSUE

July/August 2014

The United States' corporate tax burden is the highest in the world, but innovators will always find a way to duck away from Uncle Sam's reach. Doug Bandow explains how those with the means are renouncing their citizenship in increasing numbers, while J. Dayne Girard describes the innovative use of freeports to shield wealth from the myriad taxes and duties imposed on it as it moves around the world. Of course the politicians brand all of these people unpatriotic, hoping you won't think too hard about the difference between the usual crony-capitalist suspects and the global creative elite that have done so much to improve our lives. In a special tech section, Joseph Diedrich, Thomas Bogle, and Matthew McCaffrey look at various ways these innovators add value to our lives--even in ways they probably never expected.
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